Based on 84 hedge funds · latest filing: 2026 Q1 · updated quarterly
📉
Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their YYY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️
At the ownership peak (99% of max)
99% of all-time peak
84 hedge funds hold YYY right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶
Steady growth — +6% more funds vs a year ago
fund count last 6Q
+5 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢
More buyers than sellers — 68% buying
61 buying29 selling
Last quarter: 61 funds were net buyers (17 opened a brand new position + 44 added to an existing one). Only 29 were sellers (11 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.
➡️
Steady new buyers — ~17 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 9 → 11 → 13 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒
50% of holders stayed for 2+ years
■ 50% conviction (2yr+)
■ 29% medium
■ 21% new
42 out of 84 hedge funds have held YYY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈
Growing discovery — still being found
17 → 9 → 11 → 13 → 17 new funds/Q
New funds entering each quarter: 9 → 11 → 13 → 17. A growing number of institutions are discovering YYY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️
Veteran-anchored — 50% veterans vs 32% newcomers
■ 50% veterans
■ 18% 1-2yr
■ 32% new
Entry-cohort mix of 84 holders: 42 (50%) are 2+ year veterans, 15 entered 1–2 years ago, and 27 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆
Elite ownership — 52% AUM from top-100 funds
52% from top-100 AUM funds
8 of 83 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in YYY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.